Maruti Suzuki India (MSI), the country’s largest car maker, has temporarily stopped the production of its mid-sized sedan SX4.

MSI’s sedan SX4 failed to attract customers although it cost less than Honda City, who is presently the market leader. As per the statement issued by the company official, MSI will revise SX$ engine with a new Bharat Stage-IV engine, and also bring some change in the looks by the next few weeks.

Personal computer manufacturer HCL Infosystems has announced to rebrand its range of laptops as ‘ME’. 

As announced by the company, ‘ME’ stands for ‘Mobile Entertainment’, and it hopes to increase its market share to 20% in the next two-three years. At present, the company’s market share is just 7 per cent.

Leading telecom operator, Aircel has announced its collaboration with Canada’s Research In Motion (RIM). The aim of collaboration is to provide BlackBerry services to the Indian customers.

As per a statement issued by Aircel, the company will offer BlackBerry services to its users’ in some major states.

For offering the service, Aircel will leverage its domestic presence and Redington’s retail distribution channel.

The Supreme Court has allowed TVS Motor Company to sell its bike ‘Flame’. A legal dispute took place between TVS Motor and Bajaj Auto, as Bajaj Auto Co said that TVS Motor was illegally using its technology of twin spark plugs in their bikes and thus TVS Motor Company should not be permitted to manufacture and sell ‘Flame’ bike.

Reliance Petroleum Trust is all set to sell out about 10 million shares at Rs 2125 each. Further, the company also plans to sell additional 10 million shares, which would take overall proceeds up to US$880 million.

As per the statement from a fund manager, the company may be planning to buy a petroleum asset out of the country, taking help of fallen valuations.

Yamaha, a Japanese two wheeler maker, has unveiled its new superbike in the Indian market.

The superbike, which is named as ‘V Max’, will be priced at Rs 20 lakh.

The new bike has 1679cc engine. The company is hoping to acquire 10% market share in India by 2012.

Company’s top official told reporters that they are anticipating 3 times growth in sales during the upcoming festival season.

The Samsung has launched its new Star branded mobile phone, the Star S5233w, with Wi-Fi.

No doubt, the previous versions of the Star series were so popular, but they lacked Wi-Fi.

The new S5233w has resolved the pending demand of its users. The “just launched” S5233w resembles the previous Star phone - with just the Wi-Fi chip added.

The shares of National Aluminium Company (Nalco) are trading up by 2.23% at Rs 348.50 at the Bombay Stock Exchange (BSE).

Nalco has come up with a plan to set up nuclear power plant in south Orissa’s Ganjam worth Rs 12,000 crore. For this, the company is in talks with Nuclear Power Corporation of India (NPCIL).

Shares of Nalco have touched an intra-day high of Rs 348.90 and low of Rs 342. The total volume of the shares traded stood at 52,232.

Taking a step forward to cheer-up the hospitality sector, the RBI (Reserve Bank of India) came up with an order, which will help hotels to come out of the high risk category of real estate exposure.

This will guaratee that banks will provide loans to companies at lower rates of interest.

Omaxe Ltd has claimed that its subsidiary, Garv Buildtech Pvt. Ltd, has signed up a memorandum of understating (MoU) with Lucknow Development Authority to construct a Hitech Township in Lucknow.

Omaxe in its filing to the BSE has announced that Garv Buildtech Private Ltd has enterted into a MoU with Lucknow Development Authority for construction of township at Lucknow, Uttar Pradesh. The proposed area for the township is about 2700 Acres, located at the Lucknow Ring Road, close to Lucknow Airport.